MMCAvsFTCAETF Comparison
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NYLI MacKay California Muni Intermediate ETF (MMCA) and Franklin California Municipal Income ETF (FTCA) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. MMCA is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.35% for FTCA. MMCA is down -2.54% year-to-date (YTD) with +$33M in YTD flows. FTCA performs worse with -4.86% YTD performance, and +$142M in YTD flows. Run a side-by-side ETF comparison of MMCA and FTCA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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MMCA vs FTCA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MMCA FTCA | -0.54%-1.24% | -3.25%-5.77% | -2.54%-4.86% | -1.81%n/a | +11.12%n/a | n/an/a |
| Flows | MMCA FTCA | +$9M+$145M | +$11M+$113M | +$33M+$142M | +$43M- | +$67M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMCA FTCA | +4.73%+6.42% | +2.98%n/a | +3.12%n/a | n/an/a |
| Max drawdown | MMCA FTCA | -5.42%-7.86% | -6.73%n/a | -6.73%n/a | n/an/a |
| Max drawdown duration | MMCA FTCA | 64d92d | 229dn/a | 229dn/a | n/an/a |
Trading data
MMCA | FTCA | |
Last sale 10/16/2026 at 1:30 PM | $20.81 | $6.93 |
| Previous close 10/15/2026 | $20.78 | $6.94 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
MMCA | FTCA | |
|---|---|---|
| Last price | $20.81 | $6.93 |
| 1D performance | +0.14% | -0.14% |
| AuM | $97.66 M | $697.56 M |
| E/R | 0.7% | 0.35% |
Characteristics
MMCA | FTCA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | New York Life Investments | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 33 | 62 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 22, 2021 | October 24, 2025 |
| ESG | No | No |
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Exposure
Countries
MMCA
USA
31.29%
Other
68.71%
FTCA
USA
36.47%
Other
63.53%
Sectors
MMCA
Municipal
31.29%
Other
68.71%
FTCA
Municipal
36.47%
Other
63.53%
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Diversification
MMCA
Total weight of top 15 holdings out of 15
26.09%
FTCA
Total weight of top 15 holdings out of 15
19.13%
Top 15 holdings
Data as of August 31, 2026
MMCA
California Community Choice Financing Authority, 5% 1oct2034, USD (2026G)
2.63%
California Community Choice Financing Authority, 5.25% 1feb2036, USD (2026C)
2.22%
US13013JCM62
2.20%
California Public Works Board, 5% 1sep2035, USD (2026)
2.06%
US120827ES50
2.00%
US13077DYV80
1.80%
US544446BN68
1.72%
San Jose (CA), 3.05% 1may2066, USD (2026A)
1.57%
California Infrastructure and Economic Development Bank, 3.25% 1jun2033, USD (2026)
1.55%
Puerto Rico, 4% 1jul2037, USD
1.52%
Foothill/Eastern Transportation Corridor Agency, 0% 15jan2035, USD (2015A, 7270D)
1.49%
California, 5% 1sep2039, USD
1.41%
US13032UWT14
1.33%
US845389PU30
1.30%
US13050WAL54
1.28%
FTCA
California Pollution Control Financing Authority, 5% 21nov2045, USD
1.79%
US30309HAA59
1.67%
Chabot-Las Positas Community College District, 5.25% 1aug2048, USD (2016)
1.33%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024E)
1.31%
San Francisco Public Utilities Commission, 5% 1nov2053, USD (2023)
1.30%
US79728FLL30
1.29%
MSR Energy Authority, 6.5% 1nov2039, USD (2009A)
1.28%
Los Angeles Department of Water and Power, 5% 1jul2046, USD (2022)
1.28%
California Municipal Finance Authority, 4.2% 1aug2040, USD (2024)
1.26%
California Municipal Finance Authority, 3% 15may2051, USD
1.21%
Sweetwater Union High District, 5% 1aug2052, USD (2018)
1.19%
US130493CL10
1.07%
California, 5% 1oct2045, USD
1.07%
US13048VG510
1.05%
Alameda Corridor Transportation Authority, 0% 1oct2049, USD (2022A, 9941D)
1.04%
Frequently asked questions about MMCA and FTCA
How have the MMCA and FTCA ETFs performed in 2026?
As of October 16, 2026, MMCA is down -2.54% year-to-date (YTD), while FTCA has lost -4.86%. That puts MMCA better performer ahead so far this year.
Which ETF is attracting more investor money: MMCA or FTCA?
Year-to-date, the MMCA ETF saw +$33M in flows, compared to +$142M for FTCA.
Which ETF is bigger: MMCA or FTCA?
As of October 16, 2026, MMCA holds $97.66 M in assets under management (AUM), while FTCA manages $697.56 M.
What sectors do the MMCA and FTCA ETFs invest in?
MMCA leans toward sectors like Municipal. Meanwhile, FTCA focuses on Municipal.
What are the top holdings of the MMCA ETF and FTCA ETF?
MMCA top holdings include California Community Choice Financing Authority, 5% 1oct2034, USD (2026G), California Community Choice Financing Authority, 5.25% 1feb2036, USD (2026C) and US13013JCM62. FTCA holds in its top three: California Pollution Control Financing Authority, 5% 21nov2045, USD, US30309HAA59 and Chabot-Las Positas Community College District, 5.25% 1aug2048, USD (2016).
Which ETF is more diversified: MMCA or FTCA?
MMCA holds 120 securities with 26.09% of its assets in the top 15. FTCA has 288 securities and a top 15 weight of 19.13%.
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